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Re: langlui post# 51067

Friday, 07/31/2009 12:17:27 PM

Friday, July 31, 2009 12:17:27 PM

Post# of 160314
I'd let it test that $64 level we saw on 6/30. It was resistance and we just busted through it on 7/16. TA 101 says what was once resistance needs to be tested as support. With today being a Friday where we have been seeing some selling, Monday may be a better day for entry if you really like it.

I have got a $73 target price on it but we should try to get the best price we can. They end of the day today or Monday morning may be our least risky way to get in, IMO.

My TradeKing Options Portfolio:


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